Aeva Technologies (NASDAQ:AEVA) CFO Saurabh Sinha Sells 6,830 Shares of Stock

Aeva Technologies, Inc. (NASDAQ:AEVA) CFO Saurabh Sinha sold 6,830 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $15.40, for a total transaction of $105,182.00. Following the sale, the chief financial officer owned 651,372 shares of the company’s stock, valued at approximately $10,031,128.80. This represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Saurabh Sinha also recently made the following trade(s):

• On Wednesday, July 8th, Saurabh Sinha sold 20,620 shares of Aeva Technologies stock. The shares were sold at an average price of $21.16, for a total transaction of $436,319.20.
• On Thursday, July 2nd, Saurabh Sinha sold 11,212 shares of Aeva Technologies stock. The stock was sold at an average price of $26.75, for a total transaction of $299,921.00.
• On Tuesday, May 5th, Saurabh Sinha sold 5,643 shares of Aeva Technologies stock. The shares were sold at an average price of $15.04, for a total transaction of $84,870.72.

Aeva Technologies Trading Down 4.8%

Aeva Technologies stock opened at $13.99 on Thursday. Aeva Technologies, Inc. has a 12 month low of $8.83 and a 12 month high of $31.30. The company has a quick ratio of 3.89, a current ratio of 4.09 and a debt-to-equity ratio of 7.32. The stock has a market cap of $881.93 million, a P/E ratio of -2.80 and a beta of 2.40. The company’s fifty day simple moving average is $22.36 and its 200-day simple moving average is $17.71.

Aeva Technologies (NASDAQ:AEVA) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.41) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.53) by $0.12. The firm had revenue of $6.26 million for the quarter. As a group, sell-side analysts forecast that Aeva Technologies, Inc. will post -2.26 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AEVA shares. Weiss Ratings raised Aeva Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Wall Street Zen cut Aeva Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $21.50.

Institutional Investors Weigh In On Aeva Technologies

A number of hedge funds have recently bought and sold shares of the company. Quantbot Technologies LP grew its position in shares of Aeva Technologies by 122.8% in the third quarter. Quantbot Technologies LP now owns 2,099 shares of the company’s stock valued at $30,000 after purchasing an additional 1,157 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Aeva Technologies during the 4th quarter worth about $33,000. Jones Financial Companies Lllp boosted its stake in Aeva Technologies by 27,345.0% during the 1st quarter. Jones Financial Companies Lllp now owns 5,489 shares of the company’s stock valued at $38,000 after purchasing an additional 5,469 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in Aeva Technologies during the 4th quarter valued at approximately $47,000. Finally, Daiwa Securities Group Inc. grew its holdings in Aeva Technologies by 79.5% in the 4th quarter. Daiwa Securities Group Inc. now owns 4,339 shares of the company’s stock valued at $58,000 after buying an additional 1,922 shares during the last quarter. 62.92% of the stock is currently owned by institutional investors.

Aeva Technologies Company Profile

Aeva Technologies, Inc is a technology company specializing in the development and commercialization of advanced sensing and perception solutions based on frequency-modulated continuous wave (FMCW) LiDAR. Headquartered in Mountain View, California, Aeva’s core products include solid-state LiDAR sensors and perception software designed to provide high-resolution, long-range 4D data for automotive, industrial and robotic applications. The company’s FMCW approach enables simultaneous measurement of both object velocity and distance, distinguishing Aeva’s systems from traditional time-of-flight LiDAR solutions.

Founded in 2016 by Soroush Salehian and Mina Rezk, Aeva began as Aeon Imaging before adopting its current name in 2019.